Bamburi Cement Ltd has appointed Vasileois Karalis as a member of the Board of Directors following the resignation of Olivier
The Lafarge-owned manufacturer said Vasileois’ appointment to the board reflects his immense experience at Lafarge having held various roles within the finance, control, investments and mergers & acquisitions departments.
In December, the company issued a profit warning indicating that its revenues for its financial year will be lower than 25 per cent it received in 2017.
In 2018, Bamburi issued a similar notice due to anticipated fall in profits and depressed dividend payout. It posted a net profit of Ksh1.97 billion for the period being stated.